AN ACT authorizing the issuance of revenue bonds by Mineral County,
Nevada, such bonds to be issued after an election and secured by a pledge of
the revenues of the Mineral County Power System; defining certain words and
terms; providing for elections and election procedures; providing for the
interest rates and bond details, the payment of bonds, the sale of the bonds
and the application of proceeds; specifying the county’s liability on such
bonds; providing for covenants in bond proceedings, remedies of bondholders and
cancellation of paid bonds; limiting bond interest after maturity, specifying
cumulative rights and providing for the payment of preliminary expenses;
providing that such bonds are legal investments; and providing other matters
properly relating thereto.

[Approved: March 29, 1961]

(Leadlines for sections have been supplied by the
Legislative Counsel of the State of Nevada)

The
People of the State of Nevada, represented in Senate and Assembly, do enact as
follows:

Section 1. Short
title.This act shall be known as
the Mineral County Power System Revenue Bond Law.

(Ch. 169, Stats. 1961 p. 256)

Sec. 2. Definitions.Except where the context otherwise requires,
the definitions contained in sections 3 to 17, inclusive, govern the
construction of this act.

(Ch. 169, Stats. 1961 p. 256)

Sec. 3. “Acquisition”
and “acquire” defined.“Acquisition”
or “acquire” means the purchase, construction, installation, reconstruction,
lease, gift, grant from the Federal Government, any public body or person,
endowment, bequest, devise, condemnation, transfer, assignment, option to
purchase, other contract, or other acquirement (or any combination thereof) of
facilities, other property, any project, or an interest therein.

(Ch. 169, Stats. 1961 p. 256)

Sec. 4. “Board
of Managers” and “Board” defined.“Board
of Managers” or “Board” means the Board of Managers of the System, also being
the Board of County Commissioners of Mineral County, Nevada.

(Ch. 169, Stats. 1961 p. 256)

Sec. 5. “County”
defined.“County” means Mineral
County, Nevada.

(Ch. 169, Stats. 1961 p. 256)

Sec. 6. “Elector”
and “qualified elector” defined.“Elector”
or “qualified elector” means any registered elector of the County, pursuant to
the election laws of the state, as from time to time amended.

(Ch. 169, Stats. 1961 p. 256)

Sec. 7. “Federal
Government” defined.“Federal
Government” means the United States of America, or any agency, instrumentality
or corporation thereof.

(Ch. 169, Stats. 1961 p. 256)

Sec. 8. “Fees”
defined.“Fees” means reasonable
rates, tolls and charges for services, commodities or facilities furnished by
or appertaining to the System. Until paid, all fees shall constitute a
perpetual lien on and against the property served, and any such lien may be
foreclosed in the same manner as provided by the laws of the State of Nevada
for the foreclosure of mechanics’ liens. Before any such lien is foreclosed the
Board shall hold a hearing thereon after notice thereof by publication and by
mail.

(Ch. 169, Stats. 1961 p. 256)

Sec. 9. “Improvement”
and “improve” defined.“Improvement”
or “improve” means the extension, betterment, alteration, reconstruction,
repair or other improvement (or any combination thereof) of facilities, other
property, any project, or an interest therein.

(Ch. 169, Stats. 1961 p. 256)

Sec. 10. “Mailed
notice” and notice by “mail” defined.“Mailed
notice” or notice by “mail” means the giving by the County Clerk or any deputy
thereof, as determined by the Board, of any designated written or printed notice
addressed to a person at his or her last known address by deposit, at least 10
days prior to the designated hearing or other time or event, in the United
States mails, postage prepaid, as first class mail.

Sec. 12. “Project”
defined.“Project” means any
structure, facility or undertaking which the System is authorized to acquire,
improve, maintain or operate. A project may consist of all kinds of personal
and real property.

Sec. 14. “Publication”
and “publish” defined.“Publication”
or “publish” means publication in at least one newspaper published at least
once a week and of general circulation in the County. Except as herein otherwise
specifically provided or necessarily implied, “publication” or “publish” also
means publication for at least once a week for 3 consecutive weeks by three
weekly insertions, the first publication being at least 15 days prior to the
designated time or event, unless otherwise so stated. It shall not be necessary
that publication be made on the same day of the week in each of the 3 calendar
weeks, but not less than 14 days shall intervene between the first publication
and the last publication, and publication shall be complete on the day of the
last publication. Any publication herein required shall be verified by the
affidavit of the publisher and filed with the County Clerk.

(Ch. 169, Stats. 1961 p. 257)

Sec. 15. “Real
property” defined.“Real property”
means:

1. Land.

2. Buildings, structures, fixtures and
improvements on land.

3. Any property appurtenant to or used in
connection with land.

4. Every estate, interest, privilege,
easement, franchise and right in land, legal or equitable, including without
limiting the generality of the foregoing, rights-of-way, terms for years, and
liens, charges or encumbrances by way of judgment, mortgage or otherwise, and
the indebtedness secured by such liens.

(Ch. 169, Stats. 1961 p. 257)

Sec. 17. “System”
defined.“System” means the
Mineral County Power System created by an existing and operating under the
provisions of chapter 45, Statutes of Nevada 1921, and all acts amendatory
thereof or supplemental thereto.

(Ch. 169, Stats. 1961 p. 257)

Sec. 18. Computation
of time.For the purpose of
computing any period of time prescribed herein, including but not limited to
publications, the day of the first publication, other act or designated time
shall be excluded, and the day of the last publication, other act or designated
time shall be included.

(Ch. 169, Stats. 1961 p. 257)

Sec. 19. Rules
of construction.Whenever such
construction is applicable, words used herein importing singular or plural
number may be construed so that one number includes both; and words importing
masculine gender shall be construed to apply to the feminine gender as well;
but these rules of construction shall not apply to any part hereof containing
express provisions excluding such construction or where the subject matter or context
is repugnant thereto.

(Ch. 169, Stats. 1961 p. 257)

Sec. 23. Financing
acquisition of project or improvement of System by issuance of revenue bonds;
revenues pledged as additional security; lien on revenues.

1. The County pursuant to an ordinance
adopted for this purpose may borrow money, issue bonds or otherwise extend its
credit to acquire a project or improve the System. The principal of and
interest on bonds so authorized to be issued, and any prior redemption premium
or premiums, are payable solely from the net revenues derived from the
operation of the system or other project for the acquisition or improvement of
which the bonds are issued, including without limiting the generality of the
foregoing, revenues of improvements theretofore or thereafter acquired to such
System or other project which are not acquired by the expenditure of such bond
proceeds.

2. The Board, in connection with such
additionally secured revenue bonds, in the ordinance authorizing their issuance
may pledge all or a portion of such revenues (subject to any prior pledge) as
additional security for such payment of the bonds, and at its option may
deposit such revenues in a fund created to pay the bonds or created to secure
additionally their payment.

3. Any such revenues pledged directly or
as additional security for the payment of bonds of any one issue or series,
which revenues are not exclusively pledged therefor, may subsequently be
pledged directly or as additional security for the payment of the bonds of one
or more issues or series subsequently authorized.

4. All bonds of the same issue or series,
subject to the prior and superior rights of outstanding bonds, claims and other
obligations, have a prior, paramount and superior lien on the revenues pledged
for the payment of the bonds over and ahead of any other claims or obligations
thereagainst subsequently incurred; but the ordinance authorizing the issuance
of any bonds may provide for the subsequent authorization of bonds or other
obligations the lien for the payment of which on such revenues is on a parity
with the lien thereon of the bonds therein authorized upon such conditions and
subject to such limitations as the ordinance may provide.

5. All bonds of the same issue or series
are equally and ratably secured without priority by reason of number, date of
maturity, date of bonds, of sale, of execution, or of delivery, by a lien on
such revenues in accordance with the provisions of this act and the ordinance
authorizing the bonds, except to the extent such ordinance otherwise
specifically provides.

(Ch. 169, Stats. 1961 p. 260; A—Ch. 482, Stats. 1981
p. 982)

Sec. 24. County
not liable for payment of bonds; bonds payable solely from revenues; pledge of
property of County prohibited; exception.

1. Bonds issued pursuant to this act shall
not be a debt of the County, and the county shall not be liable thereon, nor
shall it thereby pledge its full faith and credit for their payment. Revenue
bonds shall not be payable out of any funds other than the revenues or other
moneys pledged to the payment thereof.

2. Each such bond issued hereunder shall
recite in substance that the bond and the interest thereon are payable solely
from the revenues or other moneys pledged to the payment thereof.

3. The payment of bonds shall not be
secured by an encumbrance, mortgage or other pledge of property of the county,
except for revenues and other moneys pledged for the payment of bonds. No
property of the county, subject to such exceptions, shall be liable to be
forfeited or taken in payment of the bonds.

(Ch. 169, Stats. 1961 p. 260)

Sec. 25. Recital
in ordinance authorizing bonds.Any
ordinance authorizing any bonds hereunder may provide that each bond therein
authorized shall recite that it is issued under authority hereof. Such recital
shall conclusively impart full compliance with all of the provisions hereof,
and all bonds issued containing such recital shall be incontestable for any
cause whatsoever after their delivery for value.

(Ch. 169, Stats. 1961 p. 261)

Sec. 26. Interest
on bonds.Revenue bonds must not
bear interest at a rate which exceeds by more than 3 percent the Index of
Revenue Bonds which was most recently published before the bids are received or
a negotiated offer is accepted.

Sec. 27. Form
and terms of bonds; reissuance of lost or destroyed bond; signatures and seal;
repurchase before maturity.

1. Any revenue bonds herein authorized to
be issued shall bear such date or dates, shall mature in such denomination or
denominations at such time or times but in no event exceeding 40 years from
their date, shall bear interest evidenced by one or two sets of coupons,
payable annually, or at such lesser interval or intervals as may be prescribed
by ordinance, shall be payable in such medium of payment at such place or
places within or without the State, including but not limited to the Office of
the County Treasurer, and at the option of the board may be in one or more
series, may be made subject to prior redemption in advance of maturity at such
time or times without or with the payment of such premium or premiums not
exceeding 9 percent of the principal amount of each bond so redeemed.

2. Any ordinance authorizing the issuance
of bonds may capitalize interest during any period of construction estimated by
the Board and 1 year thereafter, by providing for the payment of interest on
the bonds from the proceeds thereof for such period or any part thereof.

3. Bonds may be issued with privileges for
registration for payment as to principal or interest, or both, and generally
shall be issued in such manner, in such form, with such recitals, terms,
covenants and conditions, and with such other details, as may be provided by
the Board in the ordinance or ordinances authorizing the bonds, except as
herein otherwise provided.

4. Pending preparations of the definitive
bonds, interim receipts or certificates, in such form and with such provisions
as the Board may determine, may be issued.

5. Except for payment provisions herein
specifically provided, such bonds, any interest coupons thereto attached, and
such interim receipts or certificates shall be fully negotiable within the
meaning of and for all the purposes of the Negotiable Instruments Law.

6. Notwithstanding any other provision of
law, the Board may in any proceedings authorizing bonds hereunder:

(a) Provide for the initial issuance of one or
more bonds (in this subsection called “bond”) aggregating the amount of the
entire issue.

(b) Make such provision for installment payments
of the principal amount of any such bond as it may consider desirable.

(c) Provide for the making of any such bond
payable to bearer or otherwise, registrable as to principal or as to both
principal and interest, and where interest accruing thereon is not represented
by interest coupons, for the endorsing of payments of interest on such bond.

The Board may further make provision in any such
proceedings for the manner and circumstances in and under which any such bond
may in the future, at the request of the holder thereof, be converted into bonds
of smaller denominations, which bonds of smaller denominations may in turn be
either coupon bonds or bonds registrable as to principal, or principal and
interest, or both.

7. If lost or completely destroyed, any
bond may be reissued in the form and tenor of the lost or destroyed bond upon
the owner furnishing, to the satisfaction of the Board:

(a) Proof of ownership;

(b) Proof of loss or destruction;

(c) A surety bond in twice the face amount of the
bond and coupons; and

(d) Payment of the cost of preparing and issuing
the new bond.

8. Any bond shall be executed in the name
of and on behalf of the County and signed by the Chair of the Board,
countersigned by the County Treasurer, with the seal of the County affixed
thereto and attested by the County Clerk.

9. Except for such bonds which are
registrable for payment of interest, interest coupons payable to bearer shall
be attached to the bonds and shall bear the original or facsimile signature of
the County Treasurer.

10. Any of such officers, after filing
with the Secretary of State his or her manual signature certified by him or her
under oath, may execute or cause to be executed with a facsimile signature in
lieu of his or her manual signature any bond herein authorized, provided that
at least one signature required or permitted to be placed thereon shall be
manually subscribed, and a facsimile signature has the same legal effect as a
manual signature.

11. The County Treasurer may cause the
County’s seal to be printed, engraved, stamped or otherwise placed in facsimile
on any bond. The facsimile seal has the same legal effect as the impression of
the seal.

12. The bonds and coupons, bearing the
signatures of the officers in office at the time of the signing thereof, shall
be the valid and binding obligations of the county, notwithstanding that before
the delivery thereof and payment therefor, any or all of the persons whose
signatures appear thereon shall have ceased to fill their respective offices.

13. Any officer herein authorized or
permitted to sign any bond, at the time of its execution and of the execution
of a signature certificate, may adopt as and for his or her own facsimile
signature the facsimile signature of his or her predecessor in office in the
event that such facsimile signature appears upon the bond or coupons pertaining
thereto, or upon both the bond and such coupons.

14. The bonds may be repurchased by the
County out of any funds available for such purpose at a price of not more than
the principal amount thereof and accrued interest, plus the amount of the
premium, if any, which might on the next redemption date of such bonds be paid
to the holders thereof if such bonds should be called for redemption on such
date pursuant to their terms, and all bonds so repurchased shall be cancelled.

1. Any such revenue bonds shall be sold at
public or private sale for not less than the principal amount thereof and
accrued interest, or at the Board’s option below par at a discount not
exceeding 9 percent of the principal amount thereof and at a price which will
not result in an effective interest rate which exceeds by more than 3 percent
the Index of Revenue Bonds which was most recently published before the bids
are received or a negotiated offer is accepted.

2. No discount (except as hereinabove
provided) or commission shall be allowed or paid on or for any bond sale to any
purchaser or bidder, directly or indirectly.

3. The Board may employ legal, fiscal,
engineering and other expert services in connection with the acquisition or
improvement of any project or facilities and the authorization, issuance and
sale of bonds.

Sec. 29. Disposition
of proceeds of bonds; validity of bonds; purchaser not responsible for
application of proceeds.

1. All moneys received from the issuance
of any bonds herein authorized shall be used solely for the purpose (or
purposes) for which issued, including, without limiting the generality of the
foregoing, if so authorized, the payment of preliminary expenses.

2. Any unexpended balance of such bond
proceeds remaining after the completion of the acquisition or improvement of
the project or system for which such bonds were issued shall be paid
immediately into the fund created for the payment of the principal of such
bonds and shall be used therefor, subject to the provisions as to the times and
methods for their payment as stated in the bonds and the proceedings
authorizing their issuance.

3. The validity of the bonds shall not be
dependent on nor affected by the validity or regularity of any proceedings
relating to the acquisition or improvement of the project for which the bonds
are issued.

4. The purchaser or purchasers of the
bonds shall in no manner be responsible for the application of the proceeds of
the bonds by the County or any of its officers, agents and employees.

(Ch. 169, Stats. 1961 p. 263)

Sec. 30. Covenants
in ordinance or trust indenture authorizing issuance of bonds.Any ordinance or trust indenture authorizing
the issuance of bonds hereunder may contain covenants (notwithstanding such
covenants may limit the exercise of powers conferred hereby) as to any one or
more of the following:

1. The fees to be fixed, charged or
levied, and the collection, use and disposition thereof, including but not
limited to joint billing for and the discontinuance of facilities, commodities
or projects, the foreclosure of liens for delinquencies, and the collection of
penalties.

2. The creation and maintenance of
reserves or sinking funds and the regulation, use and disposition thereof.

3. A fair and reasonable payment by the
County from its general fund or other available moneys to the account of a
designated project for the facilities or commodities furnished or services
rendered thereby to the county or any of its departments, boards or agencies.

4. The purpose or purposes to which the
proceeds of the sale of bonds may be applied and the use and disposition
thereof.

5. The issuance of other or additional
bonds payable from or constituting a charge against or lien upon any revenues
pledged for the payment of bonds and the creation of future liens and
encumbrances there against.

6. The operation and maintenance of any
facilities or project.

7. The insurance to be carried thereon and
use and disposition of insurance moneys.

8. Books of account and the inspection and
audit thereof.

9. Events of default, rights and
liabilities arising therefrom, and the rights, liabilities, powers and duties
arising upon the breach by the County of any covenants, conditions or
obligations.

10. The vesting in a trustee or trustees,
and the limitation of liabilities thereof, and as to the terms and conditions
upon which the holders of the bonds or any portion, percentage or amount of
them may enforce any covenants made hereunder or duties imposed thereby.

11. The terms and conditions upon which
the holders of the bonds or of a specified portion, percentage or amount
thereof, or any trustee therefor, shall be entitled to the appointment of a
receiver, which receiver may enter and take possession of any project or
service, operate and maintain the same, prescribe fees, and collect, receive
and apply all revenues thereafter arising therefrom in the same manner as the
county itself might do.

12. A procedure by which the terms of any
ordinance authorizing bonds, or any other contract with any holders of bonds,
including but not limited to an indenture of trust or similar instrument, may
be amended or abrogated, and as to the amount of bonds the holders of which
must consent thereto and the manner in which such consent may be given.

13. The terms and conditions upon which
any or all of the bonds shall become or may be declared due before maturity,
and as to the terms and conditions upon which such declaration and its
consequences may be waived.

14. All such acts and things as may be
necessary or convenient or desirable in order to secure the County’s bonds, or
in the discretion of the board tend to make the bonds more marketable,
notwithstanding that such covenant, act or thing may not be enumerated herein,
it being the intention hereof to give a county power to do all things in the
issuance of bonds and for their security except as herein specifically limited.

(Ch. 169, Stats. 1961 p. 263)

Sec. 31. Remedies
of holders of bond and trustees for holders of bonds.Subject
to any contractual limitations binding upon the holders of any issue or series
of bonds, or trustee therefor, including but not limited to the restriction of
the exercise of any remedy to a specified proportion, percentage or number of
such holders, and subject to any prior or superior rights of others, any holder
of bonds, or trustee therefor, shall have the right and power, for the equal
benefit and protection of all holders of bonds similarly situated:

1. By mandamus or other suit, action or
proceeding at law or in equity to enforce his or her rights against the County
and its board and any of its officers, agents and employees, and to require and
compel the County or its board or any such officers, agents or employees to
perform and carry out its and their duties, obligations or other commitments
hereunder and its and their covenants and agreements with the bondholders.

2. By action or suit in equity to require
the County and its board to account as if they were the trustee of an express
trust.

3. By action or suit in equity to have
appointed a receiver, which receiver may enter and take possession of any
system, projects and services, revenues from which are pledged for the payment
of the bonds, prescribe sufficient fees derived from the operation thereof, and
collect, receive and apply all revenues or other moneys pledged for the payment
of the bonds in the same manner as the County itself might do in accordance
with the obligations of the County.

4. By action or suit in equity enjoin any
acts or things which may be unlawful or in violation of the rights of the
bondholders.

5. Bring suit upon the bonds.

(Ch. 169, Stats. 1961 p. 264)

Sec. 32. Procedure
for cancellation of bonds after redemption.Whenever
the County Treasurer shall redeem and pay any of the bonds issued under the
provisions hereof, the County Treasurer shall cancel the same by writing across
the face thereof or stamping thereon the word “Paid,” together with the date of
its payment, sign his or her name thereto, and transmit the same to the County
Auditor, taking his or her receipt therefor, which receipt shall be filed with
the Clerk of the Board of County Commissioners. The County Auditor shall credit
the County Treasurer on his or her books for the amount so paid.

(Ch. 169, Stats. 1961 p. 265)

Sec. 33. Limitations
on accrual of interest.No
interest shall accrue on any bond herein authorized after it becomes due and
payable, provided funds for the payment of the principal of and interest on the
bond and any prior redemption premium due are available to the paying agent for
such payment without default.

(Ch. 169, Stats. 1961 p. 265)

Sec. 34. Rights
and remedies cumulative; liability of County, Board or agents or employees for
nonperformance of duty.

1. No right or remedy conferred upon any
holder of any bond or any coupon appertaining thereto or any trustee for such
holder hereby or by any proceedings appertaining to the issuance of such bond
or coupon is exclusive of any other right or remedy, but each such right or
remedy is cumulative and in addition to every other right or remedy and may be
exercised without exhausting and without regard to any other remedy conferred
hereby or by any other law.

2. The failure of any bondholder so to
proceed as herein provided or in such proceedings shall not relieve the County,
its Board, or any of its officers, agents and employees of any liability for
failure to perform or carry out any duty, obligation or other commitment.

(Ch. 169, Stats. 1961 p. 265)

Sec. 35. Publication
of ordinance authorizing issuance of bonds; time to bring action contesting
legality of ordinance or bonds.

1. The Board may provide for the
publication once in full of any ordinance or other proceedings adopted by the
Board ordering the issuance of any bonds.

2. For a period of 30 days after the date
of such publication, any person in interest shall have the right to contest the
legality of any bond which may be authorized thereby (except for any bond
delivered for value, containing a recital therein that it is issued under
authority hereof, and thus being incontestable for any cause whatsoever, as
herein provided), and of the provisions made for the security and payment of
any such bonds, and of any other provisions in such ordinance or other
proceedings.

3. After the expiration of such 30-day
period no one shall have any cause of action to contest the regularity,
formality or legality thereof for any cause whatsoever.

1. The County may provide for the payment
from funds of the System of all necessary preliminary expenses actually
incurred in the making of surveys, estimates of costs and revenues, the
employment of engineers, architects, fiscal agents, attorneys at law, clerical
help, other agents or employees, the making of notices, taking of options, and
all other expenses necessary or desirable to be made and paid prior to the
authorization for or the issuance of such bonds.

2. Any funds so expended by the County
from funds of the System for preliminary expenses incurred in connection with
the same purpose as that for which bonds are issued may be fully reimbursed and
repaid to the System’s funds out of the proceeds derived from the sale of such
bonds.

3. The amount so advanced by the County
from funds of the System to pay such preliminary expenses may, by an ordinance
authorizing the issuance of such bonds, be made a first charge against such
bond proceeds until the same has been repaid as herein provided, and in such
event such amount shall be paid therewith before any other disbursements are
made therefrom.

(Ch. 169, Stats. 1961 p. 266)

Sec. 37. Fees
for services or facilities.Whenever
revenue bonds are issued, the Board shall impose, in connection with the
project for which the bonds are issued, for the services rendered or facilities
furnished thereby, fees fully sufficient:

1. To pay the cost of operating and
maintaining the project, including, but not limited to, betterments or
replacements to keep the same in good repair and working order (which cost
shall be a first lien and charge upon the revenues or income to be derived from
the operation of the project or service); and

2. To pay the principal of and interest on
the bonds; and

3. To carry out all commitments made in
the ordinance or ordinances authorizing the bonds and other proceedings appertaining
thereto.

(Ch. 169, Stats. 1961 p. 266)

Sec. 38. Effect
of failure to give due notice; continuance of hearing until notice given.In any case where a notice is provided for
herein, if the Board or court finds for any reason that due notice was not
given, the Board or court shall not thereby lose jurisdiction, and the
proceeding in question shall not thereby be void or abated, but the Board or
court shall order due notice to be given and shall continue the hearing until
such time as notice shall be properly given, and thereupon shall proceed as
though notice has been properly given in the first instance.

(Ch. 169, Stats. 1961 p. 266)

Sec. 39. Bonds:
Legal investments for state and other public entities.It
shall be legal for the state and any of its agencies, departments or political
subdivisions, or any political or public corporation, or any instrumentality of
the state, to invest funds or moneys in their custody in any of the bonds
authorized to be issued pursuant to the provisions of this act.

(Ch. 169, Stats. 1961 p. 266)

Sec. 40. Act
constitutes full authority for exercise of powers; powers supplemental; effect
on other laws.This act, without
reference to other statutes of the state, except as herein otherwise
specifically provided, shall constitute full authority for the exercise of
powers herein granted, including but not limited to the authorization and
issuance of bonds hereunder. No other act or law with regard to the
authorization or issuance of bonds that provides for an election, requires an
approval, or in any way impedes or restricts the carrying out of the acts
herein authorized to be done, shall be construed as applying to any proceedings
taken hereunder or acts done pursuant hereto. The powers conferred by this act
shall be in addition and supplemental to, and not in substitution for, and the
limitations imposed by this act shall not affect the powers conferred by, any
other law. No part of this act shall repeal or affect any other law or part
thereof, it being intended that this act shall provide a separate method of
accomplishing its objectives, and not an exclusive one; and this act shall not
be construed as repealing, amending or changing any such other law.

(Ch. 169, Stats. 1961 p. 267)

Sec. 41. Liberal
construction.This act, being
necessary to secure the public health, safety, convenience and welfare, shall
be liberally construed to effect its purposes.

(Ch. 169, Stats. 1961 p. 267)

Sec. 42. Repeal
of inconsistent provisions.Any
act, or part thereof, in conflict with this act is hereby repealed to the
extent only of such inconsistency. This repealer shall not be construed to
revive any act, or part thereof, heretofore repealed.

(Ch. 169, Stats. 1961 p. 267)

Sec. 43. Severability.If any section, paragraph, clause or provision
of this act shall for any reason be held to be invalid or unenforceable, the
invalidity or unenforcibility of such section, paragraph, clause or provision
shall not affect any of the remaining provisions of this act.